Staked ETH in abandoned wallet

[mochi86_]

In the case that someone were to find an abandoned wallet that ETH(I heard it was called ETH2...?) has been staked, is it lost completely? I was wondering this since with what I know about staking, you can't take it out unless you have some validator key or something to have access to the staked ETH.

This has been an interesting question that got me thinking and I am still learning so I'd appreciate if instead of criticizing my still growing knowledge, that you'd be able to help guide me to understand better about anything I got wrong.

[crwth]

Found ETH? Do you mean that suddenly they have the seed phrase to that wallet? What do you mean found? Is it that you saw an address and then just saw that it is staking something?

Can you try to elaborate on what you are trying to say?

[mochi86_]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

[AbuBhakar]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

The question is how will someone can found abandoned ETH wallet unless it’s private key was posted online. It’s impossible to find someone private key so the possibility that you are trying to share is almost nonexistent in reality.

AFAIK ETH2 staking are those locked ETH and can be unlocked after the designated time since it’s part of the program of ETH when they change their protocol to PoS.

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

This is the risk of trusting your tokens on validators that’s why you need to choose a reliable validator for your tokens before you Stake.

[jrrsparkles]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

It depends on which platform you choose to stake and I read that the rewards from staking ETH will be credited to your wallet from time to time so if you found the private key of an ETH wallet, it most likely has a balance already from the staking rewards.

You need to keep the private keys safe no matter what, and if there is a mechanism that is validator key is required to withdraw then it is also needed unless you can't be able to withdraw the staked ETH and can consider it as lost funds.

[batang_bitcoin]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

If the wallet was abandoned already then that doesn't make sense as the staked ETH won't be accessible anymore by the owner of the wallet. Crediting goes to your wallet whether it's with a multicurrency wallet or not. I do believe that they don't have access to it as they're giving us our private keys or seed phrases, this is for those type of wallets. But if you're going to stake that but actually deposited and earning interest on it through an exchange and you deposited it there then, the custody belongs to the exchange and if you die, your ETH belongs to them.

[TastyChillySauce00]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

There are some stories here.

1. The wallet owner staked their ethereum through LRT staking platforms, he lost their wallet but the liquid token is still there that represent their assets. This means if staked ethereum can be withdrawn as long as you have access to the wallet that contains the liquid tokens.
2. The wallet owner staked their ethereum directly through beacon blockchain or defi. As long as you have access to the wallet, you can unstake it.

The conclusion is, as long as you have access to the wallet. You can unstake the balance. These days, people have access to their wallet but they lost their liquid tokens due to the phishing or hack. it means they have lost their ethereum. That applies for people who staked their ethereum through liquid staking platform like etherfi, lido, etc.
I have been staking my token there for almost a half of year.

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

Totally depends on what platform you stake your ethereum. You lost access to your wallet = you have no access to your staked ethereum. I aware if you meant about staking on the beacon chain. It means you lost your wallet, you lost access to your staked ethereum on beacon chain.

[DiMarxist]

Is it possible to find wallet like that, Op that your assumption I not realistic. Or are your saying that someone found Eth wallet and it was written Eth2? And no to your question. When the coins have been stake then the holder of the coins have agreed not to sell the coin for a period of time to maximize profit. But if he has lost his wallet even though he staked the coins then he can't see the coins again unless the person still have access to the wallet login details if not the coins are gone.
Another thing is where did you stake the Ethereum. There are some wallets that are not good to stake coin. And I think others have directed you what to do. Just follow up.

[mochi86_]

The question is how will someone can found abandoned ETH wallet unless it’s private key was posted online. It’s impossible to find someone private key so the possibility that you are trying to share is almost nonexistent in reality.

  I've used plenty programs that can generate random private keys and return the address and the balance it has (using an api) and although I haven't found a "jackpot" in an address, I have found various wallets with amounts in the range of $10-25 still unspent. There are plenty people out there who will have more knowledge with the skill cap to create a program that could run/perform way much better than the programs I've tested out which would ultimately lead to wallets with jack-load of money being accessible.

Obviously knowing how people are in this forum, saying things like "well, that clearly can't be" or "that's impossible to happen" etc etc, there's always someone out there in the shadows who knows the way around certain things that is normally perceived as impossible to go around.

Which led to my wild thought that started this thread. I hope that somehow cleared up most things... If not, do let me know

[mochi86_]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

There are some stories here.

1. The wallet owner staked their ethereum through LRT staking platforms, he lost their wallet but the liquid token is still there that represent their assets. This means if staked ethereum can be withdrawn as long as you have access to the wallet that contains the liquid tokens.
2. The wallet owner staked their ethereum directly through beacon blockchain or defi. As long as you have access to the wallet, you can unstake it.

The conclusion is, as long as you have access to the wallet. You can unstake the balance. These days, people have access to their wallet but they lost their liquid tokens due to the phishing or hack. it means they have lost their ethereum. That applies for people who staked their ethereum through liquid staking platform like etherfi, lido, etc.
I have been staking my token there for almost a half of year.

I'm asking this question since I was thinking of staking my ETH once I have enough but the thought of somehow unfortunately losing access to my wallet or my validator key to the staked ETH got me wanting to know the possible outcomes.

Totally depends on what platform you stake your ethereum. You lost access to your wallet = you have no access to your staked ethereum. I aware if you meant about staking on the beacon chain. It means you lost your wallet, you lost access to your staked ethereum on beacon chain.

Yeahh... I've been delving into those issues too for a bit.

When you mentioned "These days, people have access to their wallet but they lost their liquid tokens due to the phishing or hack." I'm going to assume the fact that hackers with some type of bot being able to detect any change in their victim's wallet to take any money given to the victim's wallet counts as a phishing/hack. That's what I'm most concerned about.

I'm 100% sure that I'm 100% sure that I will never lose access to my wallet as I've basically memorized my private key and also keep a hand-written (in pen and is laminated to keep it from getting smudged) in a very safe place... but that would obviously be useless to a hacker who's found a way to access my wallet without me ever revealing it. If my wallet were to be cracked by a hacker, I'm going to say it's most likely impossible trying to relocate my funds to a different account without the hacker doing something about it.

[Dunamisx]

In the case that someone were to find an abandoned wallet that ETH(I heard it was called ETH2...?) has been staked, is it lost completely? I was wondering this since with what I know about staking, you can't take it out unless you have some validator key or something to have access to the staked ETH.

This has been an interesting question that got me thinking and I am still learning so I'd appreciate if instead of criticizing my still growing knowledge, that you'd be able to help guide me to understand better about anything I got wrong.

I don't think there is something like finding a staked Ethereum from a wallet, if it was staked then it wouldn't be in the that wallet, that coin will be with the third party institution handling the service to stake Ethereum, but if Ethereum in a wallet was discovered by you then you have access to the keys or can open it through the wallet used to unlocked the access on the blockchain, then you can be a lucky one after then.

[peter0425]

It's a hypothetical question. If someone were to find an abandoned wallet where the original owner had staked ETH before losing the wallet, would that staked ETH be no longer accessible?

Yes because whoever found that wallet in some way then they would need you the owner of the wallet and in cases where you have lost your validator key then there’s no other way for anyone to use those staked eth even withdraw them.

Why are you worried about losing your wallet? What wallet are you using?

[Coyster]

If you find an address that has not moved coins for a pretty long time, it does not mean that the wallet is abandoned. What you are asking here is somewhat vague, you need the private keys of a wallet to be able to spend the coins on it, are you looking for how you can get the private keys of wallets you think are abandoned?

I've used plenty programs that can generate random private keys and return the address and the balance it has (using an api) and although I haven't found a "jackpot" in an address, I have found various wallets with amounts in the range of $10-25 still unspent.

What programs are these?

[electronicash]

assuming you got the seed, then no one can stop you from taking it. you just have to face the consequences if you are caught.

but let's say it is indeed abandoned or the owner died already. maybe you can claim the tokens. i wonder what sort of program you are using to discover such seeds because if it's possible, there would have been people trying all day to generate seeds.

[mochi86_]

If you find an address that has not moved coins for a pretty long time, it does not mean that the wallet is abandoned. What you are asking here is somewhat vague, you need the private keys of a wallet to be able to spend the coins on it, are you looking for how you can get the private keys of wallets you think are abandoned?

I understand what you are saying. And no, I don't need priv. keys to abandoned wallets, I don't need them lol.

What programs are these?

Keyhunt has an ethereum wallet finder too, I believe. Also, I just find majority of them on GitHub and try to learn the structure and algorithms of the code and try to implement it completely on my own.

assuming you got the seed, then no one can stop you from taking it. you just have to face the consequences if you are caught.

but let's say it is indeed abandoned or the owner died already. maybe you can claim the tokens. i wonder what sort of program you are using to discover such seeds because if it's possible, there would have been people trying all day to generate seeds.

Again, people can try, it will just take time (as it did for me). You don't need my specific answer to know where to find these programs, they are all over GitHub and often times sold by scammers who will only fool those who don't know any better.


To recap, just browse through GitHub or something and look for a these programs. That's what I did. And in case the obvious isn't obvious: Running these programs will take time. If you don't have the patience to run these programs for most likely over 24 hours, you're better off just going about your everyday life and save money on the side to invest in crypto.

Another important note: It seems that majority of you guys think that I take the money out of these wallets I find... I don't. I run these programs simply for my pure enjoyment of finding anything, learning the risks that come with crypto, and to imagine how easy it may be for someone with a hella better setup than what I have atm (a 2017 macbook that's been through some things). If I were to ever find any, I just check out their transaction history and see what they've been up to with their funds. Then I just go about my day. Simple as that. (unless the amount of ETH they hold surpasses anything I can imagine, I'd take probs a very small fee to let them know that someone has come upon their private key) <-- Has never happened irl, only in my delusional imagination LMFAO XD